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S&S Cycle acquires majority of Crane Cams assets
S&S Cycle, a well-known manufacturer of American-made V-twin engines often used to power Harley-based custom motorcycles, has reportedly acquired a large portion of assets from the now-defunct Crane Cams organization. S&S says it plans to maintain the Crane Cams dealer and distribution chain intact while it moves the manufacturing services to its home factoryin Viola, Wisconsin.
According to the Daytona Beach News-Journal, a team made up of S&S Cycle representatives and former Crane Cams CEO Lance Harris put in a bid of $1.2 million for the Crane Cams name, 16 patents and 3 trademarks, plus an additional $215,000 for the company's leftover inventory.
This deal will likely keep Crane's old and reportedly very outdated manufacturing facility in Florida shuttered, so we're not yet sure what this news will mean for the 280 employees left jobless after the parts company went bankrupt.
[Source: Daytona Beach News-Journal via Dealernews]
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Reader Comments (Page 1 of 1)
HotRodzNKustoms 3:51PM (4/25/2009)
It's the golden age for people with some cash hidden away. They got a great deal.
Reply
John P. 4:30PM (4/25/2009)
yep, this is a great buy for S&S, it fits in perfectly with what they do.
Reply
EU_reader 5:04PM (4/25/2009)
They should better focus on getting that one-off 'mobil 1' bike in production. (the one they gave to leno)
It's what harley should have built a long time ago, but if they can't or won't...
The best V-twin ever built and a V-twin for the 21st century. I want one so badly...
Reply
EU_reader 5:18PM (4/25/2009)
http://img204.imageshack.us/img204/4227/mobil1bike0111a6cb8nm7.jpg